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331. Turning Points in the Korean Space-Economy: From the Developmental State to Intercity Competition, 1953-2000

Author:
Mike Douglass
Publication Date:
10-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Territorial development processes and patterns in Korea from the 1950s have encountered four turning points. The first involved the reconstitution of the Korean nation state, which, following radical land reform, implicitly focused on the expansion of the Seoul Capital Region. The second came with the launching of strategies for export-oriented urbanindustrial growth in the early 1960s, which led to the development, in the 1970s, of an urban-industrial corridor moving from the rapidly expanding metropolis of Seoul to the southeast coast, centered on Pusan and heavy industrial complexes. The third turning point was brought about by rising wages and labor costs; the ascending value of the Korean currency; and the overseas relocation of labor-intensive industries, which saw a repolarization of growth in Seoul and a deindustrialization of other metropolitan economies. While some regions outside of Seoul began to register high rates of economic growth around automotive and electronics industries in the early 1990s, this pattern was abruptly challenged at the fourth turning point, the 1997 financial crisis in East and Southeast Asia. Recovery from the crisis is being pursued under a fundamentally new political and economic strategy of decentralized policymaking. The major territorial development question facing Korea at this turning point is whether localities can create capacities to rebuild and sustain their economies through direct engagement in a turbulent world economy.
Topic:
Security
Political Geography:
United States, Asia, Korea, and Southeast Asia

332. Relating the U.S.-Korea and U.S.-Japan Alliances to Emerging Asia Pacific Multilateral Processes: An ASEAN Perspective

Author:
Chin Kin Wah and Pang Eng Fong
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
American military power underpinned the security structure of the Asia Pacific region during the Cold War. Post-Cold War, its role is still vital to peace and stability in the region. The most overt manifestations of American military might are the Japan–America Security Alliance (JASA) and the Korea–America Security Alliance (KASA). These bilateral alliances, together with a modified Australia–New Zealand–United States (ANZUS) treaty relationship, point to the diversity of security interests and perspectives in the region. Even during the height of the Cold War, the region never quite presented the kind of coherence that would have facilitated the creation of a truly multilateral defense framework of the sort exemplified by NATO. In Southeast Asia, the lack of strategic coherence resulted in a patchwork of defense arrangements between local and extraregional states. Dominated by the United States, the Southeast Asia Treaty Organization (SEATO) was only nominally regional.
Topic:
Security
Political Geography:
United States, America, Asia, Korea, Southeast Asia, and New Zealand

333. Economic Crisis and Corporate Reform in East Asia

Author:
Meredith Woo-Cumings
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
The Asian financial crisis of 1997–98 involved, among other things, a failure of regulation. Some believe this failure is endemic to global capitalism, and others believe it was profoundly local and idiosyncratic, emanating from regulatory flaws in the affected countries, stretching an arc from Thailand and Indonesia to Korea and Japan. There is also a debate about the nature of the regulation that failed. Some argue that the crisis emanated from a surfeit of nettlesome regulations and endemic industrial policy; others claim it happened for want of effective regulations and (even) industrial policy. Across the hypotenuse of these disagreements, however, stretches a universal recognition that regulatory infrastructure and institutions do matter and that they must play a major role in the way we think about economic development. After the miracle years in East Asia, “good governance” has become the Spirit of the Age.
Topic:
Economics and Political Economy
Political Geography:
United States, Japan, Indonesia, Israel, East Asia, Asia, Korea, and Thailand

334. Report on Allied Contributions to the Common Defense 2000

Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Board of Governors of the Federal Reserve System
Abstract:
This Report presents the Department of Defense assessment of the relative contributions toward the common defense and mutual security made by our NATO allies, our Pacific allies, (Japan and the Republic of Korea), and the countries of the Gulf Cooperation Council (GCC). Under legislative provisions dating to the Defense Authorization Act of 1981 (P.L. 96-342, Section 1006), the Department of Defense is required to compare the defense burdens borne by our allies, explain disparities, and describe efforts to eliminate such disparities. This Report addresses requirements originally set forth in the 1984 National Defense Authorization Act (P.L. 98-525), Title X, Section 1003, Defense Burdensharing, paragraphs a-d. The most recent baseline legislation addressing this reporting requirement is the FY 1997 National Defense Authorization Act, Title X, Section 1084. This Report also covers burdensharing reporting requirements set forth in the FY 2000 Department of Defense Military Construction Appropriations Act (P.L. 106-52), Section 119.
Topic:
Security, Defense Policy, and NATO
Political Geography:
Japan, Australia/Pacific, and Korea

335. Does FDI Increase Firm Value in Emerging Markets?

Author:
Wi Saeng Kim
Publication Date:
05-2000
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
This paper conducts an event study for a sample of firms listed on the Korean Stock Exchange. The study finds that positive and statistically significant abnormal returns occur around the announcement date of foreign direct investments. This finding suggests that security prices in the Korean stock market do reflect firm-specific information, and that FDI by Korean MNCs are, on average, value increasing investment decisions. The finding is consistent with the studies of Doukas and Travlos (1988) and Fatemi (1984) which found similar results for U.S. MNCs.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
United States, Israel, and Korea

336. Learning from each other in North and South: Local Agenda 21 in Germany and the Republic of Korea

Author:
Petra Stephan
Publication Date:
09-2000
Content Type:
Working Paper
Institution:
Institute for Development and Peace
Abstract:
This report is based on an international workshop which took place at the Institute of Development and Peace (INEF) in Duisburg/Germany in June 2000. A delegation of the Republic of Korea - including members of local communities and local governments, as well as NGO representatives – on a study trip to Germany - had been invited to exchange experiences and information about Local Agenda 21 processes in Germany and the Republic of Korea. The following papers reflect important issues which have been raised and discussed during the workshop.
Topic:
Economics and Globalization
Political Geography:
Europe, Israel, Germany, and Korea

337. Competitiveness and Environmental Policies: The Cases of Chile and Korea

Author:
Claudio Maggi and Kern Soo Yoon
Publication Date:
03-2000
Content Type:
Working Paper
Institution:
Institute for Development and Peace
Abstract:
Competitiveness and sustainability share a common aim: to use resources more efficiently. In the long run, unsustainable production patterns may lead to the depletion or degradation of natural resources, and that means loss of future competitiveness.
Topic:
Environment and International Political Economy
Political Geography:
Israel, South America, Latin America, Korea, and Chile

338. Bringing Peace in from Without: How to End the Cold War in Korea

Author:
Tong Whan Park
Publication Date:
09-2000
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
From June 13 to 15, 2000, the first-ever summitry was held between the two Koreas since the peninsula's division at the end of World War II. The two heads of state produced a five-point agreement2 designed to launch an era of dialogue between the erstwhile enemies. As part of the agreement, a limited number of people with separated families have since traveled to each other's capital for a tearful reunion. The ground has been broken to re-link the countries by rail that would pass through the Demilitarized Zone. Bureaucrats of the two countries have engaged in a flurry of activity including high level talks and the historic visit by North Korea's defense minister to the South. Seoul's chaebols also got themselves busy to jump aboard the bandwagon heading north. And the new mood of detente peaked at the opening ceremony of the 27th Olympiad in Sydney when athletes from the two Koreas—albeit competing as separate national teams—marched together following a hastily concocted flag with an image of the Korean peninsula.
Political Geography:
North Korea, Korea, Sydney, and Korean Peninsula

339. Monitoring the Dynamics of Democratization in Korea: The Korea Democracy Barometer Surveys

Author:
Doh Chull Shin
Publication Date:
09-2000
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
The past decade has witnessed a growth in major efforts to study mass reactions to democratic regime change on a global scale. Since 1991 Professor Richard Rose, of the Center for the Study of Public Policy at the University of Strathclyde in Glasgow, Scotland, has been conducting the New Democracies Barometer surveys and the New Russia and Baltic Barometer surveys to compare the mass experience of democratization in post-Communist countries. Since 1995 Dr. Mata Lagos, of Market Opinion Research International in Santiago, Chile, has been conducting the Latinobarometro surveys on an annual basis to trace and compare the levels and sources of popular support for democracy and democratic reforms in 15 Latin American countries along with Spain. Most recently, in1999, Professor Michael Bratton of Michigan State University in the United States and Robert Mattes of the Institute for Democracy in South Africa launched the Afrobarometer to map mass attitudes toward democracy, markets, and civil society in a dozen African countries.
Political Geography:
Africa, Russia, United States, Latin America, Spain, Korea, and Scotland

340. Korea-United States Industrial Alliance

Author:
Youn-Suk Kim
Publication Date:
09-2000
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
Historically, Korea has been under the influence of its ambitious neighbors, China, Japan and Russia, which causes Korea's intense concern for its long-term independence. Through the budding signs of North-South Korea unification, Korea perceives that long-term peace and security derive from having a close diplomatic and economic relationship with the United States as the most crucial ingredient. Thus President Kim Dae Jung of South Korea and his counterpart of the North, Kim Jong II, at the June meeting emphasized the continued presence of United States troops in the Korean peninsula for stability and peace in East Asia even after the unification. In association with the United States economy, the unified Korea could play a major role as a regional balancer, giving stability to a new order in Northeast Asia and the Asia-Pacific region as a whole.
Political Geography:
Russia, United States, Japan, China, Korea, and Northeast Asia